Plurilock Appoints Scott Meyers as Chief Financial Officer (2024)

Vancouver, British Columbia--(Newsfile Corp. - June 5, 2023) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) and related subsidiaries ("Plurilock" or the "Company"), an identity-centric cybersecurity solution provider for workforces, is pleased to announce that Scott Meyers will be joining Plurilock as its Chief Financial Officer, effective June 5, 2023.

Scott Meyers has 20 years of experience in corporate finance and accounting, having worked at large multinational firms and various reputable Canadian enterprises including Komatsu Ltd., Schneider Electric SE, Kinectrics, Liberty Health Sciences Inc. and more. He brings experience from a large set of industries including manufacturing, utility, energy solutions and gaming, and has a proven track record of managing profitability through macroeconomic downturns and producing growth in stagnant businesses. In addition, Scott has publicly reported for both Canadian and international companies. Scott most recently served as the CFO of React Gaming Group, a Canadian-based esports tournament and gambling provider, where he navigated complex regulatory filing statements for its M&A activities.

"We are pleased to welcome Scott Meyers to Plurilock's leadership team," said Ian L. Paterson, CEO of Plurilock. "Scott brings forth extensive experience from his 20-year corporate finance career, having worked in both the private and public sectors for domestic and international companies of various sizes. Overall, we are confident in his capability to assist us in scaling our operations while managing the financial actions of Plurilock."

Grant of Stock Options

Plurilock has granted stock options for Mr. Meyers to purchase an aggregate of 200,000 common shares at an exercise price of $0.14 per share, which will vest over four years from the grant date. The stock options are granted for a ten-year term from June 5, 2023.

About Plurilock

Plurilock secures workforces, delivering least privilege access management and advanced IT solutions to commercial and government customers worldwide. With industry-leading artificial intelligence and patented real-time identity confirmation technology, Plurilock combines next-generation cybersecurity with a comprehensive line of products and services that enable teams across North America and the globe to compute safely in a remote work world.

For more information, visit https://www.plurilock.com or contact:

Ian L. Paterson
Chief Executive Officer
ian@plurilock.com
416.800.1566

Prit Singh
Investor Relations
prit.singh@plurilock.com
905.510.7636

Forward-Looking Statements

This press release may contain certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") which relate to future events or Plurilock's future business, operations, and financial performance and condition. Forward-looking statements normally contain words like "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume", "contemplate", "believe", "shall", "scheduled", and similar terms. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions and other factors that management currently believes are relevant, reasonable, and appropriate in the circ*mstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Plurilock's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, unforeseen events, developments, or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant. Many of these factors are beyond the control of Plurilock. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof and Plurilock undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/168710